AMN Healthcare Services Inc $AMN Shares Newly Purchased by CWA Asset Management Group LLC

Key Points

• CWA Asset Management Group acquired 57,155 AMN Healthcare shares worth approximately $2.05 million, representing a 0.15% stake. Institutional investors collectively own 99.23% of the company.
• AMN reported quarterly earnings of $0.77 per share, beating the $0.19 consensus estimate, while revenue reached $673.24 million and grew 2.3% year over year.
• The stock opened at $43.03, near its 52-week high of $43.41. Analysts maintain a “Moderate Buy” consensus, though the average price target of $36.50 is below the current share price.

CWA Asset Management Group LLC acquired a new stake in AMN Healthcare Services Inc (NYSE:AMN - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 57,155 shares of the company's stock, valued at approximately $2,050,000. CWA Asset Management Group LLC owned 0.15% of AMN Healthcare Services as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in AMN Healthcare Services in the second quarter valued at about $215,047,000. Arrowstreet Capital Limited Partnership lifted its position in shares of AMN Healthcare Services by 1,278.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company's stock valued at $25,708,000 after acquiring an additional 1,300,005 shares during the period. Renaissance Technologies LLC boosted its stake in shares of AMN Healthcare Services by 50.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,376,341 shares of the company's stock worth $25,242,000 after acquiring an additional 463,100 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of AMN Healthcare Services during the 2nd quarter worth approximately $16,726,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of AMN Healthcare Services during the 2nd quarter worth approximately $7,958,000. Hedge funds and other institutional investors own 99.23% of the company's stock.

AMN Healthcare Services Stock Performance

NYSE:AMN opened at $43.03 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.00. The company has a market cap of $1.67 billion, a P/E ratio of 16.06, a P/E/G ratio of 1.43 and a beta of 0.40. AMN Healthcare Services Inc has a fifty-two week low of $14.97 and a fifty-two week high of $43.41. The firm's 50 day moving average is $35.41 and its two-hundred day moving average is $31.06.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.58. The company had revenue of $673.24 million for the quarter, compared to analyst estimates of $628.39 million. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. AMN Healthcare Services's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the business earned $0.30 EPS. Analysts expect that AMN Healthcare Services Inc will post 3.32 EPS for the current year.

Analyst Ratings Changes

AMN has been the topic of a number of research reports. Wall Street Zen cut AMN Healthcare Services from a "buy" rating to a "hold" rating in a report on Tuesday, August 25th. Robert W. Baird set a $36.00 price objective on AMN Healthcare Services in a report on Friday, August 7th. BMO Capital Markets boosted their target price on AMN Healthcare Services from $40.00 to $43.00 and gave the stock an "outperform" rating in a research report on Friday, October 9th. Truist Financial boosted their target price on AMN Healthcare Services from $26.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Finally, Citigroup reissued an "outperform" rating on shares of AMN Healthcare Services in a report on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.50.

About AMN Healthcare Services

AMN Healthcare Services, Inc is a healthcare workforce solutions and technology company that helps hospitals, health systems, medical practices and other healthcare organizations recruit, deploy and manage clinical and nonclinical personnel. The company operates through a portfolio of staffing, workforce management and language-services businesses.

Its services include temporary and permanent placement of registered nurses, allied healthcare professionals and physicians, as well as locum tenens staffing for doctors and advanced practice professionals.

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